In the turmoil that characterises current global energy markets, the ability to forecast cash flows accurately is becoming crucial. Speaking at an Aite-Novarica treasury council roundtable, Ivan de Crescenzo, financial analyst at Italian energy utility Tirreno Power, said the company’s treasury is focused on attaining tools to improve forecasting and give a better outlook on “how the numbers will move”.
“Gas prices are skyrocketing and while we have tools for cash prediction, it is time for us to invest even more in machine learning and other technologies that will give us more sophisticated features,” he said. “The market is so complex now and that is why we must prioritise forecasting.”
